Red Eagle Mining intersects 2.5 metres at 37 grams gold per tonne
Monday, Sep 18, 2017
Red Eagle Mining Corporation is pleased to announce results from ongoing underground production stope delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia.  The results from 95 surface collared ore production stope delineation drill holes (SRD-0001 to SRD-0095) and the results from 15 underground production stope delineation holes (SRDU-0001 to SRDU-0015) were previously announced.  A total of 28 additional underground production stope delineation holes have been completed (SRDU-0016 to SRDU-0043) with highlights including intersections:

  • SRDU-0019 – 2.45m at 36.93 g/t Au from 59.05m down hole (incl. 0.50m at 108.54 g/t Au)
  • SRDU-0020 – 1.60m at 19.10 g/t Au from 87.40m down hole
  • SRDU-0038 – 1.35m at 63.38 g/t Au from 29.80m down hole
  • SRDU-0042 – 0.50m at 108.64 g/t Au from 56.70m down hole

During August, a third underground diamond drill rig was mobilized to site and 1,973 metres were drilled in 26 delineation holes.  Year to date 3,797 metres have been drilled in 49 delineation holes with assays pending on holes SRDU-0044 to SRDU-0049.

As was observed in the production stope delineation drilling to date, the results from the current underground production stope delineation drilling have returned intercepts with grades significantly higher than the reserve grade of 5.2 g/t Au.   For complete drilling results, please see Table 1 – Drill Hole Intersections, Table 2 – Drill Hole Specifications, Figure 1– Drill Hole Plan,   Figure 2 - Cross Section.  Drill assays were composited by length-weighted averaging into intersections using a 2 g/t Au cut-off grade.  Due to the mining method and mining selectivity contemplated for the deposit, internal dilution was included in some intersections where considered appropriate for mining continuity.  For photographs of the drill core see Red Eagle Mining’s photostream on flickr.

For more information, please visit: http://www.redeaglemining.com/

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